Grand Mere Master Association

Key facts from Grand Mere Master Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master Association governing multiple Communities within a Residential District (Article I definitions: 'Community' means)

Assessments & dues

Master Association Board proposes annual budget; all Members receive notice 10 days in advance, copy available, opportunity to comment; then Board adopts budget; each Owner pays Proportionate Share within 45 days of fiscal year start (Section 6.2(a)-(c))

Special assessments

Permitted for bringing Owner into compliance, fines, attorneys' fees, or other charges designated as Special Assessment (Section 6.3(a)-(d))

Collections & liens

Assessments are a continuing lien on the Lot; may be foreclosed like realty mortgages in Kansas (Section 6 introductory paragraph: 'shall)

Reserves & fees

Reserves collected as part of Regular Assessments are deposited in separate bank account, held in trust, not commingled except per accountant (Section 6.11: 'Reserves ... shall be dep)

Voting & meetings

Each Lot Owner has one Master Association Membership per Lot; Developer has sole controlling vote until transition condition met (Section 3.3: 'ownership of a Lot shall e)

Amendments

Until transition condition met, Developer may amend without approval of any other party; after, per Article XVII (not fully shown), requires approval as provided therein (Recitals: 'pursuant to Article XVII, Sec)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.